KEC International wins new orders worth ₹1,025 crore, Stock hits 52-week high

The company reported that its T&D business won orders for projects in India, Africa, and the Americas. The company secured an order from the Power Grid Corporation of India for a 765 kilovolt (kV) GIS Substation in India. The company also won an order for a 225 kV composite project including transmission lines, substation, and underground cabling in West Africa. Additionally, KEC International bagged an order to supply towers, hardware, and poles in the Americas. Further, the cables business has won orders for supplying various types of cables in India and overseas.

Vimal Kejriwal, managing director and chief executive officer of KEC International, said that the T&D business of the company has seen substantial expansion in its order book in domestic and international markets. The recently announced order and the ones announced earlier in the year will help the company achieve its targeted growth.

“With the above orders, our YTD order intake has surpassed ₹4,000 crores, with a staggering growth of over 70% vis-à-vis last year,” he said.

Earlier this month, KEC International reported that it won orders worth ₹1,061 crore.

Its T&D business had won an order from a developer in India for transmission lines and a substation. The company received an additional order for a transmission line in Malaysia and an order to supply order towers, hardware, and poles in the Americas.

The company’s railway business received its maiden order for gauge conversion works. Additionally, the company secured an order from Bengaluru Metro Rail Corporation for setting up a power supply system, including a receiving substation, high voltage cabling, and associated civil works.

The cables business also won orders domestically and internationally.

Shares of the company have risen by nearly 51% since the beginning of the year. The stock has gained over 65% in the last one year.